GST stood the test of every possible challenge in the last five years may it be technological or due to pandemic: N Sitharaman – Union Finance Minister

Ministry of Finance:

The Government of India celebrated the 5th GST Day today with the vision GST@5 साधन, देश के सर्वांगीण विकास का. ( for the country’s all-round development)

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman presided over as the Chief Guest of the event and Minister of State for Finance, Shri Pankaj Chaudhary was the Guest of Honour.

Senior officials from Ministry of Finance, Central Board of Indirect Taxes and Customs and Central Board of Direct Taxes were also present.

Speaking on the occasion, Union Finance Minister Smt. Nirmala Sitharaman said that GST stood the test of every possible challenge in these five years may it be technological or due to pandemic.

The Finance Minister was appreciative of the officers that they were receptive to continuous suggestions made by trade regarding possible changes needed in the automation.

Smt. Sitharaman thanked the five representatives from Trade for making presentations on five topics relating to the implementation of GST and how timely amendments have been to meet the need of the hour.

The Finance Minister conveyed appreciation for CBIC officers who since 2017 have been working hard to have smooth implementation of GST.

She noted that the GST Collections are buoyant and consistent which is a result of efforts of all officers.

Smt. Sitharaman paid homage to all those who lost life during pandemic.

On the occasion, the Finance Minister also took lead to mention that the gross GST Collections has been Rs.1.44 lakh crore for June, 2022 which is 56% more than the same month of the previous year.

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